By ALEXA ST. JOHN and TAMMY WEBBER Associated Press
Oil and gasoline prices are rising as the war in Iran intensifies and other global conflicts affect supply. That means pain at the pump for drivers filling up with gas. But electric vehicle drivers are largely unaffected by spikes in oil prices. Electricity prices — even as different grids have different power mixes — are more regulated. Experts say prolonged high gas prices may drive some EV interest and sales. Car-buying resource Edmunds says it has seen an uptick in people researching EVs and hybrids. But the experts also say just how far that will go is unclear. And in the U.S., significant incentives to buy EVs have gone away.
Coca-Cola said Tuesday it will add a cane-sugar version of its trademark cola to its U.S. lineup this fall, confirming a recent announcement by President Donald Trump. Trump said in a social media post last week that Coca-Cola had agreed to use real cane sugar in its flagship product in the U.S., which has been sweetened with high fructose corn syrup since the 1980s. Coke confirmed the new product Tuesday when it announced its second-quarter financial results. Coca-Cola reported better-than-expected earnings as higher prices overcame weaker sales volumes. Case volumes fell 1% globally and 1% in North America, but Coke said pricing was up 6% for the April-June period.